Do I Need Life Insurance if I Don’t Have Children?

Getting Married

Why would I need life insurance if my husband and I don’t have children? That’s a great question! Just because you don’t have children doesn’t mean your spouse wouldn't suffer a financial loss when you die. Would he or she be able to make the mortgage payments on your home without your income? How about the car payments? Do you have credit card debt that would need to be paid? Are your funeral arrangements complete and paid for? These are all things to think about when trying to decide if life insurance is right for you.

Some other points you may want to consider:

  • How much money do you have in savings? Is it enough to cover final expenses and a funeral? If not, you may want to consider life insurance to help cover those expenses.
  • Buying life insurance at a younger age tends to yield a lower premium rate. This is something to consider when deciding whether or not life insurance is right for you. Of course the younger you are the longer you’ll have to pay premium payments, but there are pros and cons to every important decision we have to make.
  • What happens if your health fails and you are then unable to obtain life insurance? Perhaps now is the time to purchase, while still in good health.

As you can see, there are many factors to take into consideration when determining if purchasing a life insurance policy is right for you. Try to keep an open mind as you wade through all of the information that is available to you. 

About the author: Lauri Pella has been in the life insurance business for over 29 years. She is a fitness enthusiast who actively supports foundations like the American Cancer Society, and the March of Dimes. Lauri would love the opportunity to help your family have a peace of mind, knowing they have the right life insurance coverage. You can contact Lauri at 1-800-651-1953 or